Economy Archives - Page 79 of 144 - the Lithuania Tribune

Panel disussion at the Estonian Chamber of Commerce in Vilnius

Mergers & acquisitions in Lithuania at slow pace in 2015

January 29, 2016 Ludo Segers 0

Global M&A activity grew to record levels in 2015, fuelled by some mega mergers in the pharmaceutical, energy and consumer industries. Lithuania bucked the trend with less consolidation and acquisitions than in the previous year and stood out as the least active in the corporate bond market. The findings on global and regional performance were presented by several industry experts at an event of the Estonian Chamber of Commerce on Wednesday. […]

Cheap ruble upped illegal migration to Lithuania

January 29, 2016 BNS 0

The dropping value of the currencies of Russia and Belarus has forced some migrant workers from these countries to make their way to Lithuania, mostly illegally, the State Border Guard Service says. […]

Lithuanians more optimistic about future prospects, economy

January 28, 2016 the Lithuania Tribune 0

Lithuanians are more optimistic about their country and their financial prospects, but expect to save less in the coming year, according to the latest survey from Statistics Lithuania. […]

Credit company fined record €30k for giving loans to jobless

January 28, 2016 the Lithuania Tribune 0

Lithuanian banking regulators have hit a consumer credit company with a fine of €30,000 for issuing loans to unemployed applicants, the biggest penalty of this kind to date. […]

Belarus lifts ban on fish imports from Lithuania

January 27, 2016 BNS 0

Belarus has lifted the ban on Lithuanian companies shipping fish products into the country, according to Lithuania’s chief veterinary officer. […]

Sanctioned consumer credit company resumes operations in Lithuania

January 27, 2016 the Lithuania Tribune 0

4finance Group S.A., a Riga-based online and mobile consumer lending group, has announced it has re-started lending operations in Lithuania through its subsidiary UAB Credit Service under the group’s brands Vivus and SMSCredit. […]

2016 budget boosts money for road development and maintenance

January 27, 2016 BNS 0

The road maintenance and development program (KPPP) finance estimates submitted by the Ministry of Transport and Communications were approved by the government on Monday. The amount earmarked for road development and maintenance was €454 million, or 16.8 percent, larger than it was in 2015. […]

Lithuanian exporters see no dangers in doing business with Poland

January 27, 2016 the Lithuania Tribune 0

After Lithuanian economist Nerijus Mačiulis said recently that the new government in Poland made the country as unpredictable a business partner as Russia, Lithuanian businesspeople counter him by insisting they do not see any threats in doing business with the neighbouring country. […]

Veolia’s suit against Lithuania is ‘distraction’, energy minister says

January 27, 2016 BNS 0

Energy Minister Rokas Masiulis says that the arbitration case to be filed against Lithuania by the French group Veolia is a distraction tactic, adding that the government might counter-sue over violations by its subsidiary Vilniaus Energija. […]

Kaunas cuts its debt by €45m

January 27, 2016 the Lithuania Tribune 0

The city of Kaunas and its municipal companies have have cut their debts by €45 million over the last nine months. […]

French group Veolia sues Lithuania for €100m

January 27, 2016 BNS 0

The French group Veolia, which owns heating companies in Lithuania, is suing the country for €100 million at the International Centre for Settlement of Investment Disputes (ICSID) in Washington. Veolia is demanding compensation for losses it allegedly sustained due to unfair treatment by the Lithuanian government. […]

France’s Veolia may exit Lithuanian market

January 27, 2016 BNS 0

France‘s Veolia, which owns energy companies Vilniaus Energija and Litesko in Lithuania, is set to announce its plans regarding its Lithuanian assets. Sources say the French company might be leaving the Lithuanian market. […]

What are the prospects for growing Lithuania’s exports?

January 26, 2016 www.lrt.lt 0

“The beginning of 2016 was one of the worst years in history for raw material and stock prices,” said Swedbank Chief Economist Nerijus Mačiulis. On Tuesday, he presented his projections for economic growth in Lithuania, and the prospects for exports and the international economy. […]

Experts warn highest bidder not best as Lithuania seeks operator for airports

January 26, 2016 the Lithuania Tribune 0

Lithuania is seeking private companies to compete for a concession deal to run the country’s three international airports but aviation experts warn that the highest bidder might not be the right choice. […]

No progressive taxation in Lithuania, PM says

January 26, 2016 the Lithuania Tribune 0

Lithuania will not introduce progressive taxation because there are too few high-earners, according to the country’s social democrat Prime Minister Algirdas Butkevičius. […]

Lithuanian customs seized €30m worth of smuggled goods last year

January 25, 2016 BNS 0

Lithuanian customs officers seized smuggled items worth over €30 million last year, according to preliminary data. […]

Indexed pensions may not help Lithuanian pensioners, whose payouts are among Europe’s lowest

January 25, 2016 www.lrt.lt 0

Even the €8 increase in the average pension will not help pensioners in Lithuania, who receive one of the most frugal pensions in Europe. President Dalia Grybauskaitė is encouraging lawmakers to index pensions, which would make them increase together with growing average wages in the nation, and the prime minister, Algirdas Butkevičius, believes that indexing pensions would make them grow by up to 6 or 7 percent. […]